Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-04-07
ON CHANGE.
Spot Cotton Fractions and Futures
from Three TO Nine Points Lower
Money Market Easy.
The Reports of Dry Weather Cause ar
Advance in Wheat-Live Stock
Transactions Brisk
FORr WORTH mAKhErs-DAILYK R
VIEW,
OFFICE OF THE GAZETTE,
EOPr WnRru n,HH Anil 1897

VIEW.
OFFICE OF THE GAZETTE,
FORT WORTH. TEX. April 6. 1887.
Trade was active to-day and heavy.
The tendency of sugar is decidedly
upward.
Meats are very firm and an increase in
! prices is expected daily.
Coffee is still tending upward, not
withstsnding the advance of yesterday.
Short crop reports cause this.
Butter IS less active than for some days
past. The supply is much larger than
for thirty days back.
THE COFFEE CROP.
The New York Shipping and CONNER
cial List says that the prospect of a
diminished yield of coffee during the
next crop year IN nearly all producing
countries in the world presents an inter
esting problem as to whether the aVaila-
BILE supply will be sufficient for
the worlds requirements, and the
trade is endeavoring to find a
satisfactory solution for this puzzling
question. Some wIseacres proclaim that
they do aot transact their operation on
statistics, but it is nevertheless fact that
public opinion is moulded by statistics,
and the merchant who conducts a N er-
camille business, regardless of the laws of
supply and demand, is, to say the least,
engaged in somewhat hazardous under
taking. The coffee trade of the world at
present believes that the next coffee crop,
that is the one beginning July proximo,
will be small one compared
with the yield of the previous crop.
There seems to be no reason for doubling
that the crop of the largest producing
country, Brazil, has been seriously in
iured by unfavorable and somewhat alb
normal conditions of weather and small
yield is the natural consequence. 1t is
also claimed that similar unfavorable
conditions are likely to affect the yield
of other countries, and accordingly the
estimated supply that will become avail
able for the worlds consumption
shows a considerable reduction compared
with the supply that has been marketed
during the crop year now drawing to
close. Taking these estimates, however,
in connection with what is assumed to be
the quantity required for the worlds con-
sumption, it is found that if these CalCu-
latiOns be correct, every available bag of
coffee in the world will have been con-
sumed before the expiration of the crop
year CHUNG Juue 0UJ 1905 III OGueI
words, there will not be enough to go
round. The various estimates that have
been prepared by recognized authorities
in the trade do not all give the same re-
suits, for there is a wide difference be-
tween the opinions of the bulls and the
bears, but all of them lead to result
that upon It's face is so improbable that
the puzzIing question, so difficult to de-
termine, is wherein they are in error.
One of these estimates, made up by
European firm that is admitted to be on
the bull side of the market, shows
prospective deficiency of 100000
bags, while another compiled with equal
care by an authority with bearish pro-
cIlvities, shows that at the close of the crop
year the available stock of the world will
amount to l, 100000 bags. In view of the
fact that for the past five years the visible
supply has never at any time been below
100000 bags, and generally above
4 100000 bags, this latter deduction is
quite as improbable as the first.